What is the basis for economics

Answers

Answer 1
one basis for economics are science of choice.

Related Questions

Lisa had only been on her new job for a couple of weeks when she began to
feel uncomfortable. She felt like she was being harassed and eventually, had
to leave. What type of unemployment does this scenario describe?

Answers

Answer:

out of the options, it should be B. frictional

hope this helps

Explanation:

The type of unemployment, this scenario describes, is frictional unemployment. The correct option is C.

What is frictional unemployment?

Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment.

Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.

If an individual leaves their work voluntarily or is dismissed, they are considered to be frictionally unemployed. Frictionally unemployed people include recent graduates looking for their first job as well as other new workers.

Therefore, the correct option is C, frictional unemployment.

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The question is incomplete. Your most probably complete question is given below:

A. cyclical unemployment

B. Natural unemployment

C. Frictional unemployment

D. Structural

A student who completes all college requirements earns a
A. program certificate
B. high school diploma
C. college degree
D. salary

Answers

I’m pretty sure the answer is C

Answer:

C

Explanation:

A program certificate is typically earned when a specific program is completed.

A high school diploma is earned when a student completes and passes all required high school courses and requirements.

A college degree is earned when a student completes all the college requirements and courses.

A salary is earned when someone starts a job, or possible a paid internship or apprenticeship.

The best choice is C: college degree.

Which section of a business plan gives details about a business’s core products and services?

Answers

Answer:

the executive summary. (more info below)

Explanation:

A strong executive summary is a convincing one. It shows the mission statement of the organization, along with a brief summary of its goods and services. It may also be a smart opportunity to clarify briefly why you are beginning your company and to give specifics about your background in the field that you are joining.These four key sections are what the 4 major sections of a business plan, the executive summary, marketing plan, key management bios, and financial plan.

hope this helped!

When a nation's human and material resources are fully employed, more of any one
product:
a) Can be produced only if there is a general decrease in prices.
b) Cannot be produced.
c) Can be produced only if there is less production of other products.
d) Can be produced only if private enterprise does so rather than the
government.

Answers

Answer:

C. Can be produced only if there is less production of other products.

Explanation:

When a nation's human and material resources are fully employed, then there has to be less production of other products because resources would have to be shifted away from such production and concentrated im producing more of any one item or product.

The above shows a scenario where economizing problem is in force i.e scarcity, which requires proper allocation of resources. It is a major problem faced by many societies and must be solved when there is less production of other products inorder to produce more of any one product.

1. 10 mi/h = ft/min convert rate

Answers

Answer:

The answer in 880 ft/min.

Explanation:

When converting from miles per hour to feet per minute just use 88((1 mi/h)(n)) to get ft/min.

Instructions

Question:

State the usefulness of correction signs.

Answers

Answer:

Safety signs and symbols are important safety communicating tools, they help to indicate various hazards that present in plant site or workplace. At the same time, they warn workers to always keep watching out for those hazards by giving required information and safety instructions.

Explanation:

hope this helps you

The following selected transaction were completed by gourmet company during January of the current year:
1: purchase merchandise from ALMIS Co..,$65,000, terms FOB destination, N/30
2: purchase merchandise from AlFA. Co., $78,500, terms FOB shipping point, 2/10, n/eom. prepaid freight of $650 was added to the invoice.
3: purchased merchandise from fogel Co., $91,000, terms FOB destination, 2/10, n/30
4: Issued debit memo to fogel Co. for $7,000 of merchandise returned from purchase on January 4.
5: paid AlFA Co. for invoice of January 3, less discount.
6: paid fogel Co. for invoice of January 4, less debit memo of January 6 and discount.
7: purchased merchandise from u I trust Co., $82,900, terms FOB shopping point, n/eom.
8: paid freight of $750 on January 19 purchase from unitrust Co.
9: purchase merchandise from Lenn Co., $10,000 terms FOB destination, 1/10, n/30.
10: paid lenny co. for invoice of January 20, less discount. 31 paid bearcat Co. for invoice of January 1. 31. paid unitrust Co. for invoice of January 19. lnstructions journalize the entries to record the transactions of gourmet company for January.

Answers

Answer:

January 1.

Merchandise $65,000 (debit)

Accounts Payable -  ALMIS Co.  $65,000 (credit)

January 2.

Merchandise $65,000 (debit)

Freight Charges Paid in Advance $650 (debit)

Accounts Payable -  AlFA. Co.  $65,000 (credit)

Cash $650 (credit)

January 3.

Merchandise $91,000 (debit)

Accounts Payable -  fogel Co.  $91,000 (credit)

January 4.

Accounts Payable -  fogel Co.  $7,000 (debit)

Merchandise $7,000 (credit)

January 5.

Accounts Payable -  AlFA. Co.  $65,000 (credit)

Discount Received $1,300 (credit)

Cash $63,700 (credit)

January 6.

Accounts Payable -  fogel Co.  $84,000 (credit)

Discount Received $1,600 (credit)

Cash $82,400 (credit)

January 7.

Merchandise $82,900 (debit)

Freight $750 (debit)

Accounts Payable -  u I trust Co.  $82,900 (credit)

Accounts Payable - Carrier Service Provider $750 (credit)

January 19

Accounts Payable - Carrier Service Provider $750 (debit)

Cash $750 (credit)

January 9

Merchandise $10,000 (debit)

Accounts Payable -  Lenn Co.  $10,000 (credit)

January 10

Accounts Payable -  Lenn Co.  $10,000 (credit)

Discount Received $100 (credit)

Cash $9,900 (credit)

January 31

Accounts Payable -  u I trust Co.  $82,900 (debit)

Cash $82,900 (credit)

Explanation:

When Merchandise is Purchased on Account, Recognize the Assets of Merchandise and Recognize the Liability owing to the Supplier.

When Merchandise is finally paid for, De-recognize the Liability owing to the supplier (less discount applicable) and also De-recognize the Assets of Cash.

explain the role of specialization and division of labor in product​

Answers

Answer:

Specialization and division of labor improve the production process.

Explanation:

Division of labor can be described as splitting down a cycle of production into separate roles and duties to be conducted by individuals who cooperate. It leads to specialization which separates each part within a system. Therefore both are interconnected. Specialization refers to a production method in which an enterprise or area focuses on producing a limited range of products or services in order to obtain maximum degrees of productivity growth throughout the enterprise or business system. These mechanism improves production standards, leads to greater skills, and result in less fatigue.

A business is having trouble keeping up with the competition. They cannot
respond to their customers like the competition. Which type of system will
likely be able to help them solve this issue?

Answers

Answer:

Decision support system

Explanation:

Answer:

Decision support system

Explanation:

Have a fabulous day:)

On the day before his presentation, Jamie was advised to.
A embed a long video into his slide presentation in case he runs out
of material
B, go to the room beforehand and figure out what technology he
needed to bring
C. bring a projector and computer even though he is presenting in a
smart room
D, make sure he printed out a copy of his entire presentation for
everyone

Answers

Answer:

Go to the room beforehand and figure out what technology he needed to bring.

Explanation:

In bussiness presentation you wont always expect your client to provide you with the technology needed to give the presentation. It is best for you to ask and then come prepared rather than go empty handed.

Answer:

B.

Explanation:

Dimitri's counselor told him that post secondary


education can be expensive but can pay off in the long


run, what does that mean?


The salary you will earn with a degree will pay back!


the cost of college over your career.


You can get grants and scholarships to pay for post


secondary education while you are there.


There are less expensive options for obtaining a


post secondary education.


All of the above

Answers

The correct answer is A. The salary you will earn with a degree will pay back the cost of college over your career.

Explanation:

The phrase "pay off in the long run" is used to explain an action that will have more benefits than costs or disadvantages if this action is considered in the future. This includes post-secondary education because even when this can be expensive it has many advantages that include access to better job opportunities, personal growth and that you will earn a high salary that will exceed or pay back the costs of college. According to this, the words of Dimitri's counselor mean that "The salary you will earn with a degree will pay back the cost of college over your career."

Answer:

A

Explanation:

needed asap importance of e commerce

Answers

Answer:

Online functioning during hazardous times

Explanation:

TRUE OR FALSE FOR BRAINLIEST ANSWER When interpreting a contract, the court will give pre-printed terms greater weight than hand-written terms.

Answers

Answer:

false

Explanation:

hand written terms are deemed more official in terms of business and professionalism

PLEASE HELP!!!


You are single.
You make $40,000 a year.
Your total adjustments are $0.
Your exemption is $3650.
What is your taxable income?

Answers

Answer:40,000+3650=43650 income

Explanation:

Each of the statements below are true about inflation EXCEPT

Answers

Is there a picture i can look at?

Which type of accounting controls involve getting your business’s financial data examined by an auditing firm? BLANK accounting controls involve an examination of your financial statements by an auditing firm.

Answers

Answer:

Detective accounting controls involve an examination of your financials statements by an auditing firm.

Explanation:

Detective controls are used to remove any practices that are against the rules, regulations and procedures of a business. Main purpose of it is to find unfavorable irregularities in the functioning. It compares the data sets and action is taken against any difference. It includes external audit from accounting and auditing firms, and internal audit of assest a business has

John asked Ted why he failed to show up at the study group session. He found out that Ted had had a really tough day.
What strategy did John use to get to the truth?
stereotyping
organizing
self-monitoring
perception-checking

Answers

The answer should be Perception-Checking

Perception checking is where you check someone's behavior, which is how John found out Ted was having a bad day. (based on Teds behavior)

Which lists some of the nonmonetary factors that are taken into account when
doing cost-benefit analysis?

A). price and profit
B). time and effort
C). reason and emotion
D). action and outcome​

Answers

I think it might be c, not sure

Name the parameter of the marketing mix based on the following scenario.
Seiko is one of the most renowned watch manufacturing companies in the world. Their signature quartz innovation makes their watches very accurate. Caliber 9F is supposed to be the newest and the best invention by Seiko so far.

Answers

Answer:

Product

Explanation:

In marketing mix , there are four parameters associated with it, one of which is product. Product could be refered to as tangible and intangible goods, services, which are produced or rendered to satisfy consumers need.

Components of a product include but not limited to warranty, product brand, safety, it's functionality, quality etc. Other marketing mix parameters are place, price and promotion.

With regards to the above, in as much as the watch is accurate due to innovation, then it can be termed as product under functionality component.

Which of the following observations regarding the valuation of bonds is correct?
A. For a given change in the required return, the shorter its maturity, the greater the change in the market value of the bond.
B. When the market rate of return is less than the stated coupon rate, the market value of the bond will be more than its face value, and the bond will be selling at a premium.
C. When interest rates rise so that the required rate of return increases, the market value of the bond will increase.
D. The market value of a discount bond is greater than its face value during a period of rising interest rates

Answers

Answer:

I think the correct awnser is D-The market value of a discount bond is greater than its face calue during a period of rising intrest rates

Explanation:

When is the best time to take an out-of-state college visit?
A. Summer break
B. After you have received your acceptance letter
C. Weekends
D. Winter break

Answers

Answer:

B

Explanation:

After you have received your acceptance letter

The best time to take an out-of-state college visit is After you have received your acceptance letter. Thus the correct option is B.

What is a college visit?

A college visit is referred to as a formal visit to the college to which you are looking to take admission. This visit involves collecting information about the academic positions, placement positions, and extra facilities offered by teh college.

When the college is situated in another state one should wait for an acceptance letter which will help them to get enter the particular college. Without a letter of acceptance, there is no entry is allowed on the premises of the college.

It is important to visit a college when the session is started as it helps in gaining adequate information about the courses and placement offered.

Therefore, option B is appropriate.

Learn more about  college, here:

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In general, why do individuals purchase insurance coverage rather than
just putting money aside into a savings account in case of emergency?

Answers

Answer:

That insurance can pay off some debt, for example, for you.

Answer:

you dont know if u would have enough for whatever emergency it is

Explanation:

Which situations would require a leader to initiate a discussion in a group discussion?

to ensure that all participants get a chance to speak in the discussion

to introduce the topic at the beginning of the discussion

to reprimand participants who dominate other participants

to reiterate the purpose of the discussion if it becomes vague

to ensure that the discussion is completed within the set time frame

Answers

Answer:

The correct answers are the options 3 and 4:

To reprimand participants who dominate other participants

To reiterate the purpose of the discussion if it becomes vague

Explanation:

To begin with, the case that a discussion must take place in group meeting then it will depend on the subject that it will be discussed but the most probable is that a leader must be needed in order to initiate the discussion in the cases where he would need to reprimand participants who dominate other participants and also when the purpose of the discussion becomes vague. Those two are the main cases in where a leader will need to initiate and to intervene in a group meeting discussion

Answer:

2. To introduce the topic at the beginning of the discussion

4. To reiterate the purpose of the discussion if it becomes vague.


what
some principal
goals of communication, what
some tom contemporary
examples
are
?

Answers

Answer:

yedujdjdjdjgifjjdjdjdiidufhf

Carla Vista Company owns equipment that cost $74,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an

estimated salvage value of $14,000 and an estimated useful life of 5 years.

Prepare Carla Vista Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)

(a) Sold for $40,000 on January 1, 2022

(b) Sold for $40,000 on May 1, 2022

(c) Sold for $23,000 on January 1, 2022.

(d) Sold for $23,000 on October 1, 2022

Answers

Answer:

Carla Vista Company

Journal Entries to record sale of the equipment in four independent situations:

(a) Sold for $40,000 on January 1, 2022 :

Book value of equipment = cost minus accumulated depreciation to date:

= $74,000 - 36,000 = $38,000; profit on sale = $2,000

Debit Sale of Equipment $74,000

Credit Equipment $74,000

To close the equipment account.

Debit Accumulated Depreciation $36,000

Credit Sale of Equipment $36,000

To close the accumulated depreciation account.

Debit Cash Account $40,000

Credit Sale of Equipment $40,000

To record the cash proceeds from sale of equipment

Debit Sale of Equipment $2,000

Credit Gain on Sale of Equipment $2,000

To record the gain from the sale of equipment.

(b) Sold for $40,000 on May 1, 2022 :

Book value of equipment = cost minus accumulated depreciation to date:

= $74,000 - 40,000 = $34,000; profit on sale = $6,000

Debit Sale of Equipment $74,000

Credit Equipment $74,000

To close the equipment account.

Debit Accumulated Depreciation $40,000

Credit Sale of Equipment $40,000

To close the accumulated depreciation account.

Debit Cash Account $40,000

Credit Sale of Equipment $40,000

To record the cash proceeds from the sale of equipment

Debit Sale of Equipment $6,000

Credit Gain on Sale of Equipment $6,000

To record the gain from the sale of equipment.

(c) Sold for $23,000 on January 1, 2022:

Book value of equipment = cost minus accumulated depreciation to date:

= $74,000 - 36,000 = $38,000; loss on sale = $15,000

Debit Sale of Equipment $74,000

Credit Equipment $74,000

To close the equipment account.

Debit Accumulated Depreciation $36,000

Credit Sale of Equipment $36,000

To close the accumulated depreciation account.

Debit Cash Account $23,000

Credit Sale of Equipment $23,000

To record the cash proceeds from the sale of equipment

Debit Loss on Sale of Equipment $15,000

Credit Sale of Equipment $15,000

To record the loss from the sale of equipment.

(d) Sold for $23,000 on October 1, 2022:

Book value of equipment = cost minus accumulated depreciation to date:

= $74,000 - 45,000 = $29,000; loss on sale = $6,000

Debit Sale of Equipment $74,000

Credit Equipment $74,000

To close the equipment account.

Debit Accumulated Depreciation $45,000

Credit Sale of Equipment $45,000

To close the accumulated depreciation account.

Debit Cash Account $23,000

Credit Sale of Equipment $23,000

To record the cash proceeds from the sale of equipment

Debit Loss on Sale of Equipment $6,000

Credit Sale of Equipment $6,000

To record the loss from the sale of equipment.

Explanation:

a) Journal entries come handy at the initial recording of business transactions.  They show the accounts to be debited and ones to be credited in the general ledger.

b) Depreciation charge for each year = $12,000 ($74,000 - $14,000)/5

c) Accumulated Depreciation as at:

Dec. 31, 2019 = $12,000

Dec. 31, 2020 = $24,000

Dec. 31, 2021 = $36,000

May 1, 2022 = $40,000 (36,000 + (12,000/12 x 4))

Oct. 1, 2022 = $45,000 (36,000 + (12,000/12 x 9))

6. Describe at least 5 skills or characteristics you could develop while working for someone else
as an employee, and explain how you could try to develop them. (3-8 sentences. 5,0 points)

Answers

In this situation there many skills that a person is capable to develop.

Self-confidence

Self-knowledge

Initiative

Competitiveness

Empathy

Self-confidence and Self-knowledge  these skills are important for you to take risks and have security, they are great for entrepreneurship, aiming to be a leader and entrepreneur. To do this, get out of your comfort zone and start getting a broader view of how far you can go; mark your goals on paper, circle those you've already achieved, and always determine new ones; run away from very protective people and superiors who do not delegate tasks, limiting their ability; To improve your self-awareness, try to see how people around you see you or look for a subject matter expert, such as a therapist, to improve your personal abilities.

Initiative serves to turn good ideas into practice. It is acting with speed and innovation. To leverage this ability: Offer help in solving difficult and unpredictable situations; If you tend to avoid risks, consider past mistakes as new opportunities for learning. develop activities that are related to the initiative such as delegating tasks, cost-benefit analysis; clarify your priorities to put them into practice.

Competitiveness is to have clear goals, don't settle for reaching the common goal. Worrying about doing a great job, going beyond the goals set by your superiors, having a tendency to innovate and enjoying things you couldn't before. All of these factors refer to sound competitiveness, a step to success. This skill is closely linked to your emotions and personal motivations.

Empathy is the key skill, especially for those who deal directly with customer service and service professionals, as it is up to these professionals to empathetically identify what their customers really need. In fact, empathy develops with practice, first consciously (taking notes of what the other says, listening to doubts and needs) and then converting it into a daily habit.

Match the expenses that will vary according to the output and those that won’t. labor cost,travel allowance ,salary of staff, rent, inventory purchases,lease of premises. Category 1 will vary category 2 will not vary.

Answers

Answer:

Category 1. Expenses that will vary according to output- Inventory purchase

Category 2. Expenses that will not vary according to output- labor cost, travel allowance, salary of staff, rent,lease of premises.

Explanation:

Costs or expenses that vary with the level of output is termed variable cost. It means that as the output is being produced, the cost incurred in producing such output changes.

Examples of variable cost are inventory purchases etc.

Cost or expenses that do not vary with the level of output is termed fixed cost. Meaning that irrespective of the output, the cost incurred to produce such output remains fixed.

Example includes rent, salary of staff, lease of premises etc. These costs have been fixed even before production and will remain the same whether or not output increases.

Will vary = labor cost, travel allowance, inventory purchases

Won't vary = rent, lease of premises, salary of staff

Creating Production possibilities schedules curves
Can anyone help me graph this information into a supply and demand calculator? What is supposed to be on the x and y axis?​

Answers

Answer: It is a Production Possibilities Curve (PPC) or a Production Possibilities Frontier (PPF).

(Please refer to attached picture)

Explanation: The schedule provided in your question does not require you to draw up a demand and supply graph, but requires you to create a production possibilities curve as shown in the picture I attached. Please note that the picture is not drawn to scale, but just a free hand sketch. Nonetheless, the interpretations would prove very useful.

Let me define in the simplest of terms as much as possible. A production possibilities curve is a curve which shows you every possible combination of production in an economy using up all available resources. It assumes that that there are only two commodities to be produced, hence the curve shows you all the available combination of producing commodities A and B at any point in time with all the factors of production fully utilized. In other words, the curve shows you how many units of Running shoe inserts and Hiking boots inserts you will need to produce simultaneously to maximize profit.

Upon careful observation, at point A, the decision is to produce 10 units of hiking boots inserts and none of running shoe inserts. However, point B shows a different decision which was to produce 3 units of running shoe inserts and 9 units of hiking boots inserts. This implies that not producing any unit of running shoe inserts might not be the best after all, hence the decision to combine 3 units and 9 units.

Note also that both points A and B lie on the curve. This means all resources of production are fully utilized or employed. Point C falls beneath the curve and this means producing at this point is not optimal as the resources for production are not fully utilized or employed. Then point D falls outside of the curve, and production at that point is not possible because it is beyond the available resources for production. Production at point D is only possible if all factors or resources of production are increased.

Another thing to note is that, either of the two variables can be placed on either of the two axes (x axis or y axis). The attached picture has the running shoe inserts plotted on the x axis and the hiking boots inserts plotted on the y axis. It can be the other way round, provided the corresponding figures are plotted correctly, then the graph would always give the same results.

In summary, the PPC gives you all possible options and as the economist it is up to you to decide at what point it would be most profitable to produce both commodities.

what are factors of production?

Answers

Answer:

Factors of production are, land, labor, capital and entrepreneurship.

Explanation:

Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.

Hope I helped :)

_________________________________

Hey!!!

The factors of production are as follows:

LandLabourCapitalEnterprise

Hope it helps...

Good luck on your assignment..

_________________________________

Which of the following purchases is included in the calculation of gross domestic product? Your answer: A used economics textbook from the bookstore New harvesting equipment for the farm 1,000 shares of stock in a computer firm A car produced in a foreign country Government bonds issued by a foreign firm

Answers

Answer: New harvesting equipment for the farm

The Gross domestic product is a measure of the market value of the goods and services that are made within the percoid.  

They add to the private consumption, govt investments, along with the balance of imports and exports. New harvesting equipment for the farm Hence the option B is correct.

Learn more about the purchases are included in the calculation of gross.

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